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Nov 6, 2012
11/12
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the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires, the market rebounded in 2009 and 2010 gave us all those new millionaires, so, millionaires have done well under obama but as one of my readers wrote to me, brian, bernanke did more to create millionaires than barack obama. >> pretty much like dropping those million dollar -- >> it has. >> dollars from the sky, right? >> in order to take advantage of asset inflation, you have to have assets. >> that's right. most of the millionaires will lean toward romney. the top issues for voters are the national defic
the u.s. added more than 1 million nairs under obama. that's 1,000 millionaires a day, or 40 millionaires an hour. now, in total there are now more than 5 million nairs in the u.s., 19 trillion in total wealth. the u.s. added more millionaires in obama's first three years than george busch created in his eight years. the obama gains are on par roughly clinton's second term, that was the big bull market earthquake the dot com boom. stock markets dried most of the growth decline in millionaires,...
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Nov 20, 2012
11/12
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u.s. consumer is deleveraging. the value of their collateral is increasing given the housing market and signs of the market becoming better and investors confidence increase. >> i certainly hope you are right. you sell that hopium if you can. john linehan, thank you very much for joining us. >>> the other side of that battle is house. there is a lot of hopium out there. to our point, is it enough? >>> and we take to you -- we take you to one of the hottest housing markets in the country. home prices there are up 114% year-over-year. we are giving you a little sneak peek of where that might you can. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. is what drives us to broadcast the world's biggest events in 3d, or live to your seat high above the atlantic
u.s. consumer is deleveraging. the value of their collateral is increasing given the housing market and signs of the market becoming better and investors confidence increase. >> i certainly hope you are right. you sell that hopium if you can. john linehan, thank you very much for joining us. >>> the other side of that battle is house. there is a lot of hopium out there. to our point, is it enough? >>> and we take to you -- we take you to one of the hottest housing...
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Nov 27, 2012
11/12
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we have invested $4 billion in the u.s. in terms of infrastructure and product and what you're seeing here is the result of that. >> earlier today, consumer confidence numbers come out stronger than five years, is the pie growing in terms of expectation amongst consumers to spend more on a beatle convertible or any car? >> yeah, those people who are confident about employment are now committing to the marketplace and you we are seeing that driving growth, not just this year but expecting that to continue to next year as well. >> jonathan browning, the map who runs vw north america. you are riding the bronco right now, up 31%. >> this is fun. >> these are better interviews when up 31% here with the new beetle convertible. send it back to you. mandy? >> thanks very much for that, phil lebeau. guess what we have here at the mothership, street talk with our very own her bit love bug, herb greenberg. >>> and facebook on a real tear, up 33% the last three months. you might have noticed. buts here the but, there is one thing that
we have invested $4 billion in the u.s. in terms of infrastructure and product and what you're seeing here is the result of that. >> earlier today, consumer confidence numbers come out stronger than five years, is the pie growing in terms of expectation amongst consumers to spend more on a beatle convertible or any car? >> yeah, those people who are confident about employment are now committing to the marketplace and you we are seeing that driving growth, not just this year but...
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Nov 16, 2012
11/12
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he said why would i go to the u.s. embassy. the u.s. embassy said to me, i don't know that we would play a role here. i don't know that we have anything to do. if he's been asked for questioning, he should go in. >> robert frank and producer jeff pullman, thank you so much. the interview, if you missed it or just joining us, the full interview will be up on cnbc.com. john mcafee, whatever you think of him, in a very difficult situation in the country of belize right now. robert, thank you so much. >>> when we come back, we're going to give you more on the updated negotiations around the fiscal cliff. could we get a resolution soon? will the markets bounce back if we do? what's going to happen with hostess? is the company really done? there's a lot more to do here on "street signs." mandy's on "closing bell" today. you're stuck with me. back right after this. and my daughter loves the santa. oh, ah sir. that is a customer. let's not tell mom. [ male announcer ] break from the holiday stress. fedex office. make sure the news keeps coming
he said why would i go to the u.s. embassy. the u.s. embassy said to me, i don't know that we would play a role here. i don't know that we have anything to do. if he's been asked for questioning, he should go in. >> robert frank and producer jeff pullman, thank you so much. the interview, if you missed it or just joining us, the full interview will be up on cnbc.com. john mcafee, whatever you think of him, in a very difficult situation in the country of belize right now. robert, thank you...
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Nov 29, 2012
11/12
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u.s. will be the top producer, but u.s. will use a lot of oil at home and saudi arabia will produce less than united states but we will be the largest exporter. in terms of russia, the shale production increases in terms of natural gas but u.s. increase is much more than russia. so when we look at the global picture we see u.s. will be number one, followed by russia and saudi arabia. >> all right. well there you have it, bold forecast and rationale behind it. back to you. >> thank you for that, sharon epperson. >>> coming up next, it must be opposite day because there is actually some good news for rim. >>> later on the short list to buy hostess. the story like the twinkie -- hard to kill. back with it after the break. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who
u.s. will be the top producer, but u.s. will use a lot of oil at home and saudi arabia will produce less than united states but we will be the largest exporter. in terms of russia, the shale production increases in terms of natural gas but u.s. increase is much more than russia. so when we look at the global picture we see u.s. will be number one, followed by russia and saudi arabia. >> all right. well there you have it, bold forecast and rationale behind it. back to you. >> thank...
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Nov 12, 2012
11/12
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>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be? >> well, i think oil and gas prices are still going to go up because world oil demand continues to increase. today we're still sitting at around $3.50 a gallon for gas and about $100 for oil. i'm expecting prices will rise to about $110, $115 over the long term. >> no matter what. so, neshg, inflation aside because prices always go up, we'll have higher prices regardless, right? >> that's my expectation. there's no doubt up. look at the iaea, they say oil demand will rise from about 87 million a barely as day to over 100 million barrel as a day. we have foun
>> well, what it really means is that the u.s. would only have to rely on canada and mexico for its oil imports. and we could really tell opec to seek other markets elsewhere in the world. we would really any longer have to supply them with energy security, with having troops in the middle east or other areas of the world. >> if we get -- let's say 2020 comes, and i hope it will, mayans aside, right, and we have full energy independence, where will the price of oil and gas be?...
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Nov 5, 2012
11/12
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. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new jersey voters displaced by the storm will be per misted to vote via fax or e-mail. early voting is also in progress in the garden state. >>> banks in sandy's path are back up and running but giving consume aers few extra day to pay their bills. jpmorgan chase, wells fargo, citi group and pnc all waving fees for customers through wednesday, november 7th. >>> everybody probably personally cares who wins the presidential election. but does the market care? let's bring in the president and ceo of td ameritrade. does it matter to stocks who wins tomo
. >>> latest numbers from the u.s. department of energy show 1.4 million homes and businesses are still without power. 780,000 new jersey residents are still in the dark and pse&g, the state's largest ess esst utilit 78% of its customers have had their power restored. in new york half a million customers still without power. con ed reporting an 84% restoration rate. generators are still powerless in new york. 60 locations serving over 140,000 voters have already been moved. new...
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Nov 7, 2012
11/12
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u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy. apple at $564 i believe? there's $564. when apple hit that you saw the move to the downside. i think it is pretty simple explanation. one-thi one-third, one-third, and maybe one-third. >> as soon as the election's over, we'll go back to talking about europe. >>> sew ma mowdy is at the nasdaq. tech stocks are getting real crushed. >> absolutely, mandy. down about 65 points on the nasdaq. the s&p tech index at or near correction territory. as bob was pointing out, apple is the big story. breaking some key
u.s. on the spdrs right at the european close. this suggests a large part of this decline we are seeing right here all the way down was europeans that were actually selling. the minute we hit europe, we stabilized and we actually moved up. we're almost 100 points off of the low on the dow. here's your stocks that are affected notably by i think clearly president obama's election. coal stocks, financial stocks, defense stocks, energy stocks, and some of the dividend payers. this is etf, dvy....
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Nov 19, 2012
11/12
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. >>> if the u.s. falls off the fiscal cliff, this would amount in an average increase of $3,500 per household. >>> bank of america is up big on an upgrade. >> upgraded to buy from hold, establishing a $11 target. about 17% return from current levels. thinking a drop in operating expenses will more than offset sluggish growth. bank of america up 68% or so year to date. >>> another stoke that is soaring, barclays. >> the all banking first two. goldman sachs adding this to their conviction buy list. a bit of an odd call though. goldman is basing this on their belief that in february at a big meeting barclays is going to announce restructuring of its operations. they're going to restructure, change some groups around. if they do it, goldman thinks it could have a sector leading up side. but they say even if barclays doesn't restructure the stock they believe has nice downside support. >> lowe's trading at 5 1/2-year highs. >> great story. profit 5 cents above expectations. they beat sales forecasts. here'
. >>> if the u.s. falls off the fiscal cliff, this would amount in an average increase of $3,500 per household. >>> bank of america is up big on an upgrade. >> upgraded to buy from hold, establishing a $11 target. about 17% return from current levels. thinking a drop in operating expenses will more than offset sluggish growth. bank of america up 68% or so year to date. >>> another stoke that is soaring, barclays. >> the all banking first two. goldman sachs...
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Nov 15, 2012
11/12
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deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight beneficiaries of any of these tax related fears that are there, mandy. but i would argue to set aside the tax aspect they are going to all benefit from it. the final point in terms of what you need to be prepared for -- gold price. we have seen that coming down. we saw that go down quite a bit. i've been very bearish on gold price for the last year and i think we are going well below $1,600. >> that's quite a lot of everything being thrown out with the kitchen sink. thank you very much. >>> remember the race to $1,000 a share between apple, google and priceline? it may now be a race down to $500. look at that
deal and downward pressure on the economy in the first half of 2013, yields are going to go down for u.s. treasuries, high-grade market backed securities. you are going to benefit from that. the euro's downward move is going to get accelerated because the dollar will be king under those circumstances. >> what about etfs? is it obviously matters right now how things are taxed and etfs are considered more tax officials. >> they are considered more tax efficient. they are going tonight...
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Nov 2, 2012
11/12
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as mandy told you, the u.s. dollar rallied. that makes more qe less likely. some disappointment with the payroll. some of the numbers were a little bit on the squishy side. weak hourly earnings and average hours worked. for example. then there is the political slant, a lot of people have argued that president obama wins, the favorable jobs report makes it more likely. i think the aftermath of sandy very powerful and affecting certainly new yorkers more than a lot of people anticipated. i'll stick with the dollar story. if you look how the market is reacting, the two sectors that are most dollar sensitive are notably the weakest sectors today. that tells you these are commodity based, materials and energy. that tells you that that dollar strength has had an impact. techs and financials also to the weak side. finally, if that doesn't impress you, the gld, your major exchange traded fund for gold. it is one-tenth the price of gold here, moving down sitting essentially at a multi--month low, at least a two-month low. mandy, what gets your attention, volume is tru
as mandy told you, the u.s. dollar rallied. that makes more qe less likely. some disappointment with the payroll. some of the numbers were a little bit on the squishy side. weak hourly earnings and average hours worked. for example. then there is the political slant, a lot of people have argued that president obama wins, the favorable jobs report makes it more likely. i think the aftermath of sandy very powerful and affecting certainly new yorkers more than a lot of people anticipated. i'll...
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Nov 8, 2012
11/12
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you take the u.s. as at least a third of that, and you take colorado through their 500-plus medical marijuana facilities already in place. they've been taxing and regulating this for a few years now. the expectation is that with full legalization through the taxes, it could mean $40 million a year going right into their school systems. quickly want to recap what actually passed. in washington and colorado, they're both essentially the same. in colorado you got to be older than 21. you can possess an ounce of marijuana. that includes out of state residents. you can't take it with you though. local governments can still ban commercial sales in businesses can still say employees cannot smoke. they can still make those rules at the microlevel. the major difference between the two states is in colorado people can also grow limited amounts on their own. you doont thcan't do that in wa. you're not supposed to smoke it in public. we'll see about enforcement on that. can you imagine getting busted for smoking p
you take the u.s. as at least a third of that, and you take colorado through their 500-plus medical marijuana facilities already in place. they've been taxing and regulating this for a few years now. the expectation is that with full legalization through the taxes, it could mean $40 million a year going right into their school systems. quickly want to recap what actually passed. in washington and colorado, they're both essentially the same. in colorado you got to be older than 21. you can...
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Nov 9, 2012
11/12
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guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been briefing reporters and indicated that the white house would veto any bill extending the rates for the top end or tax cuts for the top end earners. this is a reiteration of the position the president's held for some time. remember, after extending those rates at the end of 2010, he indicated he was not going to go beyond 2012. i think this is not a sign that he's not willing to negotiate with republicans because the key point of what the president said this afternoon was he needs more tax revenue from the top end earners, not necessarily tax rates. so this is the case of the president not surrendering his position bu
guys, that's the state of the world when it comes to auto sales here in the u.s. >> that is the state of the world. we just have to watch those chinese automakers in the future as well. thank you very much, phil lebeau. >>> john harwood has some context and background on what we've been getting out of washington. we've been getting lots of headlines on the fiscal cliff. bring it all together for us, john. >> mandy, jay carney, the white house press secretary, has just been...
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Nov 26, 2012
11/12
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john engler, president of the u.s. roundtable is also at the white house. but the most important thing that's happened so far pending any agreement on details is that republicans are beginning to crack in their absolute opposition to increases in tax revenue. not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with the money? i want to buy down debt and cut rates to create jobs but i will violate the pledge, long story short, for the good of the country, only if democrats will do entitlement reform. >> i'm not obligated on the pledge. i made tennesseens aware. i was just elected. i made aware the only thing i'm honoring is the oath i take when i'm sworn in this january. >> both of these senators are saying they aren't going to be browned by grover norquist from americans for tax reform. this is an issue bigger than norquist. the republican party has positioned itself as the smaller gov
john engler, president of the u.s. roundtable is also at the white house. but the most important thing that's happened so far pending any agreement on details is that republicans are beginning to crack in their absolute opposition to increases in tax revenue. not tax rates but revenue. here's two senators in interviews over the last two days. >> i agree we shouldn't raise rates but i think grover is wrong whether it comes to we can't cap deductions and buy down debt. what do you do with...
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Nov 30, 2012
11/12
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it got approval from the u.s. government to serve as the operator of dotcom registries for six more years. however, they did not get the right to four price increases of up to 7% over the next six years and that stock move by the way wipes out all of this year's gains for ver. sign. zumiez missing revenue estimates, down nearly 30% year to date. blaming in part super storm sandy which does not explain the fact that zumiez also cut its forecast before the storm. back on october 31st. super value trading higher today. there is a possible deal maybe for the company. they say, listen, we're still engaged in strategic view alternatives. stock yesterday reports that a potential bid may fall apart. herb greenberg, rescue the segment here. before i get to super value -- >> you're tall. >> yes, i am. although i'm not a giant, as someone noted. i want to go back to zumiez. the company i think we'll see a lot of. they blamed super storm sandy in part for sales, that may be true but they also cut their outlook back on october
it got approval from the u.s. government to serve as the operator of dotcom registries for six more years. however, they did not get the right to four price increases of up to 7% over the next six years and that stock move by the way wipes out all of this year's gains for ver. sign. zumiez missing revenue estimates, down nearly 30% year to date. blaming in part super storm sandy which does not explain the fact that zumiez also cut its forecast before the storm. back on october 31st. super value...
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Nov 14, 2012
11/12
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lindsey graham both said today that they want to have water gate style hearings on the attack on the u.s. consulate in benghazi and said that if you nominate susan rice to be secretary of state they will do everything in their power to block her nomination. as senator graham said, he simply doesn't trust ambassador rice about what she said about benghazi. would those threats deter you from making a nomination? >> first, i'm not going to comment on various nominations that i'll put forward to fill out my cabinet for the second term. those are things that are still being discussed. but let me say specifically about susan rice. she has done exemplary work she has represented the united states and our interests in the united nations with skill and professionalism and toughness and grace. as i've said before, she made an appearance at the request of the white house in which she gave her best understanding of the intelligence that had been provided to her. if senator mccain and senator graham and others want to go after somebody, they should go after me. i'm happy to have that discussion with
lindsey graham both said today that they want to have water gate style hearings on the attack on the u.s. consulate in benghazi and said that if you nominate susan rice to be secretary of state they will do everything in their power to block her nomination. as senator graham said, he simply doesn't trust ambassador rice about what she said about benghazi. would those threats deter you from making a nomination? >> first, i'm not going to comment on various nominations that i'll put forward...
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Nov 1, 2012
11/12
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yet here we are, midway on this investment, trying to convert the u.s. system an we're facing sequestration. massive cuts for the faa. the inability to actually even run the system like we're used to having it run on a good day in the current arrangement. so we really could avoid this, you're dead right to be really fired up about it. >> how do we get private investment in this area? is it difficult to get them involved? >> i think they have to be confident that in fact the faa is going to deliver on both the satellite transponders on the necessary digital investment, and then what you have is that the airlines themselves, and a number of other kinds of private investments, are likely to come in, but they do want to believe that the federal government can keep their commitments and keep this on track. that's what this whole issue of sequestration has put a big question mark in front of everyone, because no one knows what's going to happen next year an what kinds of deficits we may be running in this kind of vital investment in our infrastructure. >> it s
yet here we are, midway on this investment, trying to convert the u.s. system an we're facing sequestration. massive cuts for the faa. the inability to actually even run the system like we're used to having it run on a good day in the current arrangement. so we really could avoid this, you're dead right to be really fired up about it. >> how do we get private investment in this area? is it difficult to get them involved? >> i think they have to be confident that in fact the faa is...
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Nov 13, 2012
11/12
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tampa socialite allegedly e-mailing with general john allen, he is the top commander in afghanistan for u.s. military forces. those e-mails, some 30,000 pages worth worth, according to the fbi, were apparently possibly inappropriate in nature, indicating some kind of relationship between allen and jill kelley, but jill kelley also raised the eyebrows of paula broadwell. paula broadwell is the woman who has now admitted to being general david petraeus's mistress, also his biographer around wrote the book "all in" about general david petraeus. broadwell apparently wrote some e-mails either anonymously or not, to jill kelley questioning her actions, we don't next actually what those e-mails said, those anonymous e-mails called jill kelley to reach doubt tout fbi. who did she reach out to? apparently an fbi agent who became later obsessed with the story, investigate the whole situation here around at some point in all of this the fbi agent sends shirtless pictures of himself to jill kelley. also involved in all of this, of course is general john allen. and he is the head commander over in afgha
tampa socialite allegedly e-mailing with general john allen, he is the top commander in afghanistan for u.s. military forces. those e-mails, some 30,000 pages worth worth, according to the fbi, were apparently possibly inappropriate in nature, indicating some kind of relationship between allen and jill kelley, but jill kelley also raised the eyebrows of paula broadwell. paula broadwell is the woman who has now admitted to being general david petraeus's mistress, also his biographer around wrote...
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Nov 21, 2012
11/12
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u.s. secretary of state hillary clinton announced about an hour ago that a truce had been reached between israel and hamas. so starting now, israel stops all military action in gaza, including those targeted killings. palestinians, on the other hand, will stop launching rockets on israel and border attacks on israeli troops. but there is no signed agreement. this is very important. instead, israel and hamas have agreed on an understanding, a kind of exchange of quiet for quiet, if you will, which will be the first phase. that will be followed by a second phase of intense negotiations. those will be anchored and supported and guaranteed by egypt and the united states to try to resolve the key demands on both sides. the sticking points are still hamas wants the blockade of gaza lifted immediately. israel wants an immediate end to all weapons smuggling. neither of those demands will be reached today. that's going to take some time. but at least both sides have agreed in principle to these dem
u.s. secretary of state hillary clinton announced about an hour ago that a truce had been reached between israel and hamas. so starting now, israel stops all military action in gaza, including those targeted killings. palestinians, on the other hand, will stop launching rockets on israel and border attacks on israeli troops. but there is no signed agreement. this is very important. instead, israel and hamas have agreed on an understanding, a kind of exchange of quiet for quiet, if you will,...
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Nov 28, 2012
11/12
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you can get to 80% of the u.s. in two hours or less. then we've got wonderful businesses like the ones that you're interviewing today. we've got the fourth largest concentration of fortune 500s in america. >> and the lowest relative cost of doing business of any of the top ten metro areas. but stock returns are one thing, mr. mayor. transforming that into income gains, into job growth in the private sector, into reducing unemployment, that's another story. you still got some work to do. >> we have a lot of work to do but we've come from 10.2% 208.2% right now in the last quarter adding about 19,000 jobs. our trends are moving in the right direction. we just got a huge decision from the federal government regarding deepening the port of savannah. so it will be ready for -- >> how will that help atlanta? >> it's huge because all of that cargo and freight that comes in internationally is dispersed through the metro system adding a nice claire of blue collar jobs and jobs that require technical skills as well, feeds in to the airport. we ha
you can get to 80% of the u.s. in two hours or less. then we've got wonderful businesses like the ones that you're interviewing today. we've got the fourth largest concentration of fortune 500s in america. >> and the lowest relative cost of doing business of any of the top ten metro areas. but stock returns are one thing, mr. mayor. transforming that into income gains, into job growth in the private sector, into reducing unemployment, that's another story. you still got some work to do....